Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Dino Polska S.A. is a prominent Polish retail company operating a nationwide network of medium-sized supermarkets strategically located near customers' residences in small and medium-sized towns as well as on the peripheries of larger cities. Founded in 1999 by Tomasz Biernacki, it has grown rapidly into one of the fastest-expanding grocery chains in Poland, reaching 3,033 stores by the end of 2025 with a total sales area exceeding 1 million square meters and employing around 54,000 people. The company specializes in retail sales of food, beverages, tobacco, household chemicals, and cosmetics, offering approximately 5,000 products per store, including a distinctive full-range meat counter featuring high-quality meats, sausages, and prepared products supplied by its owned Agro-Rydzyna meat-processing plant. Supported by an efficient logistics network of four distribution centers, Dino Polska S.A. emphasizes fresh goods from well-known brands and sustainability, with 92% of stores equipped with photovoltaic installations generating significant solar energy. As a key player in Poland's grocery sector, it plays a vital role in accessible everyday retail, serving communities across all 16 voivodeships.
PLN 6.75
PLN 0.15 (-2.20%)
EOD Jun 25, 2026 · Twelve Data
Operating margin is thin at 6.12%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 14.9%, still solid. Free cash flow declined 39% despite revenue growth, conversion is weakening.
Free cash flow declined 39% versus the prior year, cash generation momentum has weakened. ROIC dropped from 21.18% to 18.90%, capital efficiency is deteriorating.
16.0x earnings, 31.0x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
PLN 34.72B
▲ +14.9% YoY
Net Income (TTM)
PLN 1.56B
▲ +3.5% YoY
Op. Margin
5.94%
▼ -0.4pp YoY
ROIC
18.90%
▼ -2.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
PLN 804M
▼ -38.7% YoY
Op. Cash Flow (TTM)
PLN 2.59B
▼ -0.7% YoY
Net Debt
-PLN 201M
Net Cash Position
Cash & Equiv.
PLN 957M
3Y CAGR: +19.3%
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At a P/E of 16.0 and a price-to-free-cash-flow of 31.0, Dino Polska (DNOPF) trades below a two-stage DCF intrinsic value of about PLN 22.02 per share, so at PLN 6.75 the stock looks undervalued (226.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Dino Polska scores 62/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about PLN 22.02 per share for DNOPF, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around PLN 16.52. At today's PLN 6.75, that puts the stock about 226.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Dino Polska scores 62 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 5.9% operating margin and a 18.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. DNOPF currently trades below its estimated intrinsic value and scores 62/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.